Early Life
Chao Teng-hsiung was born in 1944 on the west coast of Taiwan into a life of poverty. He learned the value of hard work early on, helping his father with farm chores and fishing. After completing junior high school, he began working in the construction industry, mixing cement. This early experience provided a foundation for his future career.
Rise to Success
Chao's journey to success began with an entrepreneurial spirit. He saved money and moved to Taipei in 1966, initially supplying cement to construction firms. He transitioned into property development, starting with buildings that combined factories and offices. In 1978, he founded Farglory Land, which became the flagship of the Farglory Group. Under Chao's leadership, Farglory grew to become one of Taiwan's largest real estate developers. He is known as “the king of mega townships and high-tech industrial park developments” in Taiwan. Chao's success was built on the principle of always “Attending to the Customer's needs”.
Key Business Strategies
A key strategy employed by Chao was to buy land when the market was down, as he did during the SARS crisis in 2003. This approach allowed him to acquire properties at favorable prices. Farglory Group's interests expanded to include financial and retail services, air-cargo logistics, and hospitality. He has been involved in numerous projects, including the construction of the Taipei Dome stadium. Chao also pioneered the concept of the “Next Generation Home”, integrating intelligent features and green technologies in township developments.
Philanthropy
Information on Chao Teng-hsiung's specific philanthropic initiatives and amounts is difficult to find, but it is known that he has been involved in charity work.
